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Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012

will amex help me?

when my zync card starts reproting will it help me gain better cards or credit and do creditors like to see amex on a CR?


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008

Re: will amex help me?


afbar1114 wrote:

when my zync card starts reproting will it help me gain better cards or credit and do creditors like to see amex on a CR?


I have always assumed that creditors look at someones report and see the cards they have. Seeing an AMEX might help or not. They look at your amex in good cindition and might say 'hey AMEX gave him a card' They might want to compete.

 

All this is my pure assumption.




Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012

Re: will amex help me?

i am hoping...i am wondering about this money manager on amex is it good? can they see how much money i have? 


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008

Re: will amex help me?


afbar1114 wrote:

i am hoping...i am wondering about this money manager on amex is it good? can they see how much money i have? 


I have not used this feature so maybe someone could chip in on this one :smileyhappy:




Moderator
pizzadude
Posts: 8,764
Registered: ‎01-28-2010

Re: will amex help me?

To answer your first question ~ we know that creditors do look at who is on your CR. AMEX has denied many with the reason that they had "negative experiences with other consumers" when people have first preemie or others showing on their CRs.

Will it help you get approved ? Maybe, but I honestly doubt that the creditor matters more than your payment history and utilization.

To answer your second question, I believe money manager is independent of AMEX and they won't be giving your info out.
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